Discover the key differences between IFRS and GAAP accounting standards, and learn how they impact financial reporting for ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

The International Accounting Standards Board announced that it has completed its decision-making on two projects — one to improve the financial performance information companies report, and one to ...

Lawmakers and business leaders have seen a need to harmonize or integrate, the accounting standards of the United States, which operates under Generally Accepted Accounting Principles (GAAP), with ...

In an effort to make it easier for companies to make materiality judgments, the International Accounting Standards Board (IASB) on Wednesday issued a clarified definition of “material.” The definition ...

IASB has shared plans that could involve addressing crypto and digital assets as part of its broader efforts to update ...

The International Accounting Standards Board and the International Sustainability Standards Board held separate meetings in London this week to work on implementing and formulating standards for ...

How do you improve the quality of financial reporting in countries switching from a planned to a market economy? Conventional wisdom suggests these countries should simply adopt high-quality ...

RULES change. They adapt to evolving circumstances, reshaping themselves in response to new challenges and realities. Change ...

Applicable standards include generally accepted accounting principles for private companies, International Accounting Standards (IAS 16) and International Financial Reporting Standards. The standard ...